Capital Power to acquire Goreway Power Station for $977 million

Capital Power Corporation has agreed to acquire Goreway Power Station Holdings Inc., which owns the 875 MW Goreway natural gas combined cycle facility in Ontario, for $387 million in cash plus the assumption of $590 million in debt. The acquisition is expected to close in Q2 2019.

“The Goreway facility is an excellent strategic fit to our growth plans given its size, excellent operating history, location, and remaining contract term to 2029.”capitalpower.com

• 2 sources
• capitalpower.comCapital Power announces strategic acquisition of Goreway Power Station and a $130 million subscription receipt offering - Capital PowerApr 29, 2019
• canadacommons.caNotice of Proposal: Capital Power Corporation Acquisition of Goreway Station Partnership | Canada CommonsKristyn AnnisMay 1, 2019

Summarized from public sources; check the original articles before acting on it.